Warning! Conspiracy theories ahead:
1. Why does the January-to-May BTC chart (with its mid-April ATH) form a near perfect curve?
2. Why do *all* other BTC ATH charts form sharp mountaintop peaks?
3. Why am I (and most all other 12-year-BLX curve fitters) *unable* find a natural/logical curve that passes thru April’s ATH?
Conspiracy Theory #1:
Might the unique, slow-curve, Jan-May turnaround and crash be the result of manipulation? Persistent computer-driven trading (programmed by clever bears) taking advantage of every weakness (24/7) found in the order books of 2-3 major exchanges?
Might large institutional buyers who announced they’re getting into Cryptos be waiting for a better price (a much better price) before actually buying?
Might these institutional buyers be paying for the manipulation?
Conspiracy Theory #2:
Regardless of what you believe about the Bible, it does prophesy the end times characterized by:
- a one world government, and
- a cashless society.
It’s hard to imagine that a global (borderless) government would use something other than cryptocurrency for their global currency.
This line of reasoning suggests that blockchain cryptocurrencies will be the technical foundation of the Bible-prophesied cashless society and that, beyond simple greed, the current manipulation of Bitcoin could be motivated by globalist ideology and goals.
________________________________________
Bitcoin’s May 19 fall to $30k was a 53% correction. With this in mind, I offer the community my (not fully vetted) Law of Maximal Retrace:
Bullbearish’s Law of Maximal Retrace:
If Bitcoin experiences a correction (a retrace) of 50% or more, it *must* touch the lower BLX parabola before reaching the next higher high. The Mt Gox fiasco of 2013 (an extrinsic/abnormal event) caused the only known exception to this law.
If you discover any other exception, please message me.
PS: This proposed “law” of mine is likely to be *majorly* tested in the very near future.
1. Why does the January-to-May BTC chart (with its mid-April ATH) form a near perfect curve?
2. Why do *all* other BTC ATH charts form sharp mountaintop peaks?
3. Why am I (and most all other 12-year-BLX curve fitters) *unable* find a natural/logical curve that passes thru April’s ATH?
Conspiracy Theory #1:
Might the unique, slow-curve, Jan-May turnaround and crash be the result of manipulation? Persistent computer-driven trading (programmed by clever bears) taking advantage of every weakness (24/7) found in the order books of 2-3 major exchanges?
Might large institutional buyers who announced they’re getting into Cryptos be waiting for a better price (a much better price) before actually buying?
Might these institutional buyers be paying for the manipulation?
Conspiracy Theory #2:
Regardless of what you believe about the Bible, it does prophesy the end times characterized by:
- a one world government, and
- a cashless society.
It’s hard to imagine that a global (borderless) government would use something other than cryptocurrency for their global currency.
This line of reasoning suggests that blockchain cryptocurrencies will be the technical foundation of the Bible-prophesied cashless society and that, beyond simple greed, the current manipulation of Bitcoin could be motivated by globalist ideology and goals.
________________________________________
Bitcoin’s May 19 fall to $30k was a 53% correction. With this in mind, I offer the community my (not fully vetted) Law of Maximal Retrace:
Bullbearish’s Law of Maximal Retrace:
If Bitcoin experiences a correction (a retrace) of 50% or more, it *must* touch the lower BLX parabola before reaching the next higher high. The Mt Gox fiasco of 2013 (an extrinsic/abnormal event) caused the only known exception to this law.
If you discover any other exception, please message me.
PS: This proposed “law” of mine is likely to be *majorly* tested in the very near future.